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, working with our very own defense department, invented the internet in the first place. back then, the u.s. was in the catbird seat, poised to lead the world down this astonishing new superhighway of information and innovation. now many other countries offer their citizens faster and cheaper access than we do. the faster high-speed access comes through fiber optic lines that transmit data in bursts of laser light, but many of us are still hooked up to broadband connections that squeeze digital information through copper wire. we're stuck with this old-fashioned technology because, as susan crawford explains, our government has allowed a few giant conglomerates to rig the rules, raise prices, and stifle competition. just like standard oil in the first gilded age a century ago. in those days, it was muckrakers like ida tarbell and lincoln steffens rattling the cages and calling for fair play. today it's independent thinkers like susan crawford. the big telecom industry wishes she would go away, but she's got a lot of people on her side. in fact, if you go to the white house citizen's petitio
to make this country mad? canada has made it clear that it could retaliate against the u.s. do we need to be worried about this? >> that is a great question. they are part of nafta. most of americans do not realize that our number one trading partner is not china, it is canada. i just really do not understand the rationale of not building this. it was the first reason that president obama gave. now, i see no reason, other than kowtowing to the very radical environmentalists and not bringing this to america. dagen: thank you very much. steve moore from the "wall street journal." thanks again. >> thank you, dagen. dagen: let's take a look at the u.s. dollar. trading down versus other major currencies today. agreeing not to target the exchange rates of world currencies. concerns that competitive devaluation could spark a currency war. let's just say, g20 kind of poo-poo'd this. are we not the biggest culprit through the federal reserve of weakening the dollar? >> well, with the federal reserve, their quantitative easing program has been having side effects. i think it is important to reco
sandy threatening to unleash massive damage on the u.s. northeast. >> conditions are deteriorating very rapidly. >> certainly felt more rain, more wind, stronger gusts. >> i've never, in 26 years of forecasting, have seen anything like this. >> they are being called superstorms. fueled by changing climate, higher temperatures, and rising sea levels. >> climate change is real. it's here. it's going to happen again. >> people and cities once safe. now in the eye of the fury. >> i see the weather changing. absolutely. >> is this the era of the superstorm? >> water level is rising substantially. >> and are we ready? >> if this wall had been here -- >> for the next one? >> i've been telling everybody, the big flood is coming. we better start building the ark. >> living near the ocean, there's always that chance that the ocean is going to come take away everything that you've got. but never did i imagine that this was going to happen to me and my family and my community. >> even now, given all that has happened to him and his family, it is still hard for nick camerada to understand it all. he
from the new york stock exchange. let's see how your friday session is setting up on the u.s. futures. it looks like we'll have a positive session with the s&p looking at 2 at the open, dow looking at 13. in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europ
, thank you. and he'll be taking an inside look at the battle for damascus and what it means for u.s. national security tonight on "world news" and "nightline." >>> meanwhile, back here at home, new details about a potential motive in the newtown, connecticut, school shooting. gunman adam lanza may have, in fact, been competing with another serial killer. "the hartford courant" newspaper reports authorities found news articleses in lan za's bedroom, about the killing spree in norway, carried out by anders brevik, who bombed buildings at a youth camp, killing 77 people. the investigation is still ongoing. any theory now is purely speculative. >>> and new information on what left the carnival cruise ship stranded in the gulf of mexico last week. forcing 4200 passengers and crew to live on the boot for nearly a week without power and plumbing. the coast guard now blames a leak in a pipeline that connects a fuel tank to one of the ship's engines. investigators say oil dripped on a hot surface and caught fire. >>> in business news. a potential megamerger. office max and office depot, are
police officers murdered -- injured, i should say, wolf. now back to you. >> he was a u.s. navy reserve lieutenant and we are told in the navy he was rated as a rifle marksman and pistol expert, according to his navy records. he was fired by the police department of los angeles four years ago. do we know what triggered four years later this rampage? >> reporter: well, he he brought up charges against an officer saying that this officer kicked a homeless man. it was determined later, according to police reports, that these charges were false by dorner. after a while, he was subsequently fired and he refers to that time and time again in his manifesto as the reason that he would wage a vendetta against officers, wolf. >> do we know what he's been doing for the last four years since he was fired from the lapd? >> reporter: unclear from this side in riverside. >> paul vercammen. thank you. we're going to stay on top of this story during our 6:00 p.m. hour. we're going to speak with chief police moose who was linked to the d.c. sniper. >>> let's move to today's dramatic confrontation up on c
. just for some perspective, the u.s. is going to spend $88 billion this year, this year in afghanistan. we're going to have much more on this part of the story coming up later, barbara. thanks very much into here in washington, president obama is doing an end around the national press today. he's taking questions from local tv stations, blaming congress for doing nothing to avoid these forced spending cuts scheduled to take effect in just nine days. so what kind of cuts is the president willing to take? jim acosta confronted the white house press secretary today with that question. jim is joining us now. how did it go? >> reporter: wolf, here we go again. the white house and congress move one day closer to the massive forced spending cuts that go into effect at the end of next week. and even though they both agree it's a problem, they are both busy blaming each other to fix it. the white house sounding the alarm. poor children will be tossed out of classrooms, health services will be slashed, border security will be compromised and the economy will take a hit if forced budgets cuts beg
's the higher end of walmart's previously issued guidance range. the world's largest retailer forecast, the u.s. key same-store sales to grow between 1% and 3%. last year's fourth quarter grew 1.5 year over year. but beyond financials, investors will look into possible investigations. there hasn't been a clear timeline as to when the investigation results will be released from the allegations that walmart issued millions of dollars in bribes to officials in mexico. if you remember, it was last quarter that walmart stated an s.e.c. filings that they have expanded those investigations beyond just mexico and to brazil, china and india. >> you know, this is going to be a fascinating story today. we heard about these leaked memos. walmart knocking it down saying things were taken out of context. i saw something overnight from the nrf, national retail federation where they said something like six out of ten americans say their savings and their budgeting has been somewhat or greatly impacted by the changes in the taxes that kicked in at the beginning of the year. >> and i think it's interesting becau
last year and they will be paying out the vast majority of their u.s. free cash flow this year in the form of dividends to the common shareholders and buy backs. look, i think the preferred stock idea is is a really interesting idea. i haven't seen other companies use it, but this may be interesting for a lot of other companies sitting in a lot of ksh and preferred shareholders value dividend much higher than common shareholders, it kind of makes sense. >> why do you think, tavis, that apple sits on so much cash. it is a derivative of a very strong business but they can't be earning much money on that cash. they sit on it. they are not doing a lot of deals. >> look, the bigger issue is u.s. tax policy. 68% of that cash is sitting overseas and to bring that back and give it back to shareholders, requires them not only to pay a tax but also very likely requires tlem to restate their income tax rates in terms of gap accounting which lowers their earnings. so this is not an apple specific issue. it is across the tech industry broadly. and if somebody can can figure out how to unloc
this 12-story building. the source of thousands of cyber attacks against 141 u.s. companies spanning 20 industries. whose building is it? according to a new report confirmed by u.s. intelligence, it's the headquarters of unit 61398. >> i think it was time to let the world know, it's actually not just from china, it's the chinese government sanctioning these attacks. >> reporter: among the targets, america's very infrastructure. >> now our enemies are sabotaging our power grid, our financial institutions, our air traffic control systems. >> reporter: other targets of chinese hackers familiar brand names like coca-cola, facebook, "the new york times," on "wash post" and "wall street journal." and only today, apple. the hackers have user names like ugly gorilla and dota. according to this instructional video from mandiant. >> here we see dota logging into one of his operational e-mail accounts. he's used it for spear phishing and generating additional accounts. >> reporter: what is it? how hackers campaign access into a network by sending deceptive e-mails tricking users into clicking on a
be a threat? also in a few minutes u.s. senate expected to vote on chuck hagel president obama's controversial nominee for defense secretary. we'll bring to it live. more on what's going on in egypt right now. a holt air balloon carrying lots of tourists explodes and plummets to the ground. we're finding out how this could happen. we're going live to egypt. i'm wolf blitzer. you're in "the situation room." >>> we begin with the huge winter storm, the national weather service is now calling historic. cities like amarillo, texas, wichita, kansas have broken snowfall records. 45 million in 21 states are being affected one way or another. the storm is blamed for at least three deaths. look at this. it's even dangerous after the storm blows away. in kansas city, the heavy wet snow is causing roofs to collapse. nobody was hurt in this building. but the snow is also bringing down tree limbs on to power lines. in kansas city thousands of people are reported without power. george, what's going on? >> reporter: this is par for the course here in the midwest. this is the second time in a week that this r
. ♪ stay in the groove with align. >>> the u.s. government is spending about $3.8 trillion this year but if there's no deal by friday night, agencies will have to cut a fraction of that, about $85 billion clarz. so our big question is that, why would that amount have an impact in the overall economy. tom foreman is analyzing that. have you figured it out, tom? >> when you look at the $3.8 trillion, all these different programs out here, if you've cut out this amount down here, 85 billion, how can can that little slice of all this make a difference? one of the reasons it makes a difference, one of the reasons is because washington is not really looking at the whole budget and they haven't for a long, long time because what you have to consider is that all of the entitlement programs are out of the equation and these programs are bigger than all of the other programs. we aren't really cutting a whole budget. we're talking about putting these cuts in part of the budget. if you look at what has happened to entitlements, look at just defense spending. here's defense spending which is way
. syrian rebels do not want to go to the meeting because they are frustrated that the u.s. and europe have refused to provide arms and other aid and create a no-fly zone. secretary clinton had proposed that along with defense secretary leon panetta last year, at least proposed arming and training some rebel groups but the president rejected that plan last year. tomorrow, of course, the biggest problem, the biggest obstacle that the new secretary of state, john kerry, will face to getting rid of the assad reg seem russia. will he meet tomorrow in berlin with the russian foreign leader. that's a very big challenge. a visiting tour, nine countries in 11 days. natalie? >> andrea mitchell traveling with the secretary in london this morning. thank you. >>> more legal trouble for the pistorius family this morning as it's revealed the so-called blade runner's older brother is facing vehicular manslaughter charges for the death of a woman in a 2008 auto accident. meanwhile, pistorius awaits his trial for the murder of reeva steenkamp. >>> cuban president raul castro began what he says will be his f
army has been behind a series of cyber attacks on the u.s. the white house is reporting considering fines and other trade penalties. china denies any involvement, but hacking, those stories are big today. back to you, nicole, you're watching google the day after it it broke above 800, where is it? >> yeah, hey, well, let's talk about google, right? hey, i was checking on it, 8.07 was the high and new hundred level and he's he shouting his opening trades and you can see it above the 800 mark at 805, a good one. stuart: and it broke above 800 on our air as of this time yesterday. nicole, yahoo! what's with it, a new look or something, what's that? >> a new look and the stock is up about 1/2 a percent for yahoo! and that's one that we'll watch as the new look as well on their site. so, keep an eye on that one as well. when i think about google though, i have to double-check, but when that initial public offering happened, i think it was like $84 or something. stuart: yes. >> and it's at 807. i'm talking about the cuts, but it was in the the 80's, if you liked the idea then, you're just
in washington in syrian policy. a u.s. official familiar with the deliberations said the issue is dead, at least for now. >>> john brennan, the president's pick to be the next cia director getting drilled at his confirmation hearing. he was pressed the targeted killing of terror suspects, including u.s. citizens. >> i think there's a misimpression on the part of some american people who believe that we take strikes to punish terrorists for past transgressio transgressions. nothing could be further from the truth. we only take actions as a last resort to save lives when there's no other alternative. >> the brennan hearing was interrupted several times by protesters. at one point, senator diane feinstein stopped the proceedings and actually had the room cleared. >>> all right. too close for comfort. scientists at nasa say a giant asteroid, about half the size of a football field, is headed our way. they predict it will pass very close to earth on february 15th. no closer than about 17,100 miles. it's one of many large space objects barrelling toward us at the very moment. experts say all of them,
this document to be filed in the u.s. attorney in washington d.c. and it has to do with the allegation over misuse of campaign funds. the investigation also takes in his wife sandy in chicago who served as his campaign manager. >> lynn sweet, thank you very much. much more coming up. also, we'll hear from the president in chicago. i'm brooke baldwin. listen to jim acosta in for wolf in washington. hey, jim. >>> thanks, brooke. happening now, look up in the sky. a fireball and a shocking reminder that planet earth is spinning around in a very unpredictable neighborhood. back on dry land and already heading to court, we have details of the first lawsuit filed by a passenger who says the cruise line's negligence turned their vacation into a nightmare. >>> and the "blade runner" goes to court and cries uncontrollably. wolf blitzer is off today. i'm jim acosta. you're in the situation room. we are starting in chicago where right now president obama's about to take the stage to talk about two of the top priorities from his state of the union speech, jobs and guns. we expect him to connect the nee
as a community organizer. he would become a state legislator and u.s. senator. the connection is great. he still has a home here. the 15-year-old hadiya pendleton was killed a mile from where his job is. the connection is very real for him. the gun violence rate is one of the highest in the country. the poverty rate in the south side of chicago where he will be speaking today, where he was once a community organizer, one of the highest in the country. we've been here a couple of days, talking to community organizers. they say the need has never been greater. so when the president comes here, politically the main thing is to give his message from the state of the union and put it on the ground where the people are and where the situations require it and, of course, south side of chicago is a place where urban violence is very much a foot. however, there's going to be the looming question, are you just giving your speech or are you going to make good on the promises here where you call home? a lot of people are so happy to see the president but they will be even more happy if these words turn into
at the new york stock exchange. the day after we broke a lot of records for the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high. guys, a lot of discuss
% of the u.s. housing market. so that will be a critical read on recovery in the housing market and also a fresh look the consumer price index. we know that gas prices are squeezing. gas prices are 20 cents high they are week than they were the same time last year. 20 cents higher. and you're taking less out of your paycheck because of payroll tax holiday expired. for those of you really worried about gas prices in new york and chicago. you're going to hit $4 a gallon earlier than we ever have in the year. so brace yourself there. also brace yourself if you're a federal worker. you're facing a furlough, unpaid days off. you can blame the sequester. a controller for the office of management and budget said this won't happen until after march 1st. that's when the massive spending cuts begin if congress doesn't act the sequester. federal employees must give a 30-day notice before furlough. unions that represent the workers right now having a big part in how that's going to happen and when. but there are 2.1 million federal employees that fall under this cost cutting measure. so tough choice
. >>> and iran releases what it says is decoded footage from a u.s. spy drone. our american secrets now fully exposed. let's go "outfront." >>> and good evening to all of you. i'm erin burnett. "outfront" tonight, we have breaking news. a massive development in a massive manhunt for a trained killer who is vowing revenge on the los angeles police department. we are just learning that a burned out truck near big bear lake, which is about 100 miles east of los angeles, belongs to christopher jordan dorner. dorner is the 33-year-old former lapd officer who has threatened, quote/unquote, unconventional and asymmetrical warfare on his former colleagues. he's also a former navy reserve lieutenant, and is accused of firing on four officers today, one is dead. dorner is also wanted in connection with a double homicide in irvine, where the daughter of a retired police department captain, monica quan, and her fiance, keith lawrence, were killed in the parking lot of their apartment. dorner is suspected of being on the run since sunday, and police warn he is armed and dangerous. and according to a chill
in the u.s. navy reserve, is a trained sniper. it's what makes this manhunt both urgent and particularly dangerous. chris lawrence joins me now. in this manifesto he says he's always been the top shot, as i just read. do his military records back that up? >> militarywise, he's good, but he's exaggerating a little bit. the u.s. navy has three levels of proficiency above the base line. marksman, sharpshooter and then expert at the highest level. he qualified as a marksman with the rifle, but he did qualify as an expert, though highest level with the 9 millimeter pistol. he also received some training on weak side shooting. even some very good shooters have a hard time going from the right thoohand to the left hand. he would have been trained in shooting from his weak side. if you are shooting from a concealed position, if you can shoot from your weak side, you might not have to expose as much of your body. you'd be a smaller target and still be able to return fire. >> dorner -- this guy also promises to use specific warfare tactics and survival training. he was never in special ops which w
. this announcement comes as u.s. ps plans to stop delivering mail on saturdays starting in august. the agency says it will save them $2 billion a year. >> officials at the mineta san jose international airport are urging city leaders to approve the proposed deal with google. google wants to build an aviation club but at the airport so that the company can land and maintain its corporate jets there. the profit will cost about $82 million it would be a big financial boon for the city of san jose. the airport itself would receive $2.6 billion a year in rent. >> we will be right back. >> welcome back. is still about the bay bridge. we have received some improvements. westbound 80 is still slow from central and the approach to the bridge is about 26 minutes. the macarthur mayes is about a 30 minute drive time. the traffic is backed up on 580 all the way through oakland. 880 northbound is also heavy with an accident report it. your alternate routes still look good if you want to use the san mateo bridge. they have an 11 minute drive time. if you use a golden gate bridge it is still pretty good. >> more
up like a storm and that is lowering the value of the u.s. dollar. that means that oil goes up. that's what happens. when you print money, dollar down, oil up, gas up. i think that's what's happening. >>brian: a lot of people use this opportunity to start ripping oil companies. yet, we hear drilling is up. >> don't look to blaming the oil companies. don't look to blaming the refiners. this is the function of the supply of money -- dollars -- coming into the world market lowering the value of the dollar and pressing oil up. it looks to me like you're going to establish a new normal for gasoline. the new normal used to be $3.50. i think we're going to move up to a new normal of about $3.70, $3.75, which is terrible news for the economy. we're already contracting, already got unemployment going up. as the president said high gas prices are like a tax that affects everybody. you keep going up with gas prices and you're taking money out of the economy all over again. >>brian: that's good news for the vault. -- good news for the volt. >> you heard the latest. there is a proposal to tax how
guy, but his tempo is still the way it was when he won those u.s. opens. i make him -- with my tempo, i say, just turn around, he'll quit the game if he watches me too closely. anyway, i know we want to get to our newsmaker this morning. carol bartz will be here, perhaps best known for speaking her mind. and this is true. in some colorful tones once in a while. so we'll look forward to talking with her about everything from yahoo! to apple to some of the big issues coming out of washington. and we're going to hear from at&t's ceo randall stephenson. and telecom industry veteran dave doorman, now the nonexecutive chairman of cvs caremark. plus, joining us live this hour, shawn carolyn. he was one of the first investor s for siri. i got up at 2:40 because i thought i had to be here at 4:00. >> because you can't do math and you didn't do the time change correctly. >> exactly. i did shower a little last night after the round. >> thank goodness. >> i made et here. >> and running through the rain to get over here without an umbrella. by the time i left, it was like, i'm not going back. >>
for q 1. also disclosed that u.s. sales picked up last when the tax refund checks started flowing. i think there is light at the end of the tunnel from that comment, particularly when you think about the other tax hurdles that customers are facial and higher gas price. >> what is puzzling, i read the line about the pickup and activity because of the tax refund checks, yes, seeing that pickup in activity in the past week or so but yet they are sticking to the guidance for the current quarter, which is still below wall street consensus estimates. then you add to -- add to that the fact that the past ten ten quarters, nine out of the ten quarters, inventories outpaced sales then a streak of declining flat same store sales numbers and you think back to the walmart when the stock did nothing for ten years r we at that point now, matt? >> i think that's great point about the tax refund activity you why don't we pick up that the rest of the quarter and i think the response to that would be, look, when people were getting those checks in january, they would go out and buy a new tv for the su
of the status, people want to know what happened. >> reporter: around the same time, the u.s. department of justice announced a probe into a staggering 80 reports of sexual assaults in missoula over a 4-year period. >> the purpose of our investigation is to determine whether the university and the law enforcement agencies acted promptly, adequately and fairly to protect the safety of women. already the u.s. department of women has joined the d.o.j. investigation. and the ncaa has launched the probe of its own. but the university of montana's athletic program -- >> johnson gets taken down at the 2. >> reporter: has taken a major hit. if the jury selected this morning decides to convict, johnson faces up to 100 years behind bars. it could also be as little as two to four years. and in a case like this, george, where it's a real he said/she said, the medical testimony becomes crucial. >> a community like this, the star quarterback, it's got to be difficult to get a jury. >> everyone is covering the case in the community. they had to bring in additional jurors. 400 prospective jurors. they h
languages so there is a translation as to the statement made by the pope. u.s. the brief declaration, about 15 minutes, and we've listened to the pope's announcement for a great deal. and we -- we think that as soon as we have more information available and we make it available to you. as and perhaps u.s. necessait's for me to read this statement very clear. we have to see it word by word to understand the true meaning of the statement. he says that he has been searching his conscious, and he said it's a dope and profound personal decision he's taken before god, and in addition he was called to figure it out. and my forces are not -- >> we are listening to a press conference. this is live, and it is to discuss the fact that the pope has decided he is going to resign on february 28th. completely unprecedented and a lot of dialog about this. we are listening right now as a spokesperson was saying that what he said this was a deep and profound personal decision that he has taken before god. we're trying to figure out more details as to the why. why pope benedict xvi has decided to retire. >> h
Search Results 0 to 49 of about 85 (some duplicates have been removed)